Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

11 Reckless Ways Seniors Spend Their Money

May 13, 2022 · Personal Finance
money
Photo by ub-foto from Shutterstock

Investment fees

While a financial advisor can represent a great asset in matters of retirement planning, make sure you won’t be paying them higher fees than you need to be. Investment fees might run 1-2% of your assets.

For those retirees that have invested over million dollars, that’s almost $10-20k a year. So if you’re only getting an hour of check-in per year, that is an expensive phone call. In case you’re constantly using an advisor, make sure you will go with a service that will match your cost.

And truth to be told, there are lots of online resources (such as this one) that could really improve your skills when it comes to learning financial advice.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Smiling female park ranger with binoculars points from a wooden observation deck overlooking a river valley and mountains. 9 National Park Jobs for Retirees With Good Salaries
  • A senior man sits at a wooden table holding eyeglasses and reading a Social Security Administration benefit statement. What to Do the Day Your Personalized COLA Notice Arrives in December
  • A cracked glass leaking water on a wooden desk next to an open ledger, steaming mug, eyeglasses, and coins. 5 Silent Money Leaks in Your Retirement Budget
  • Senior couple smiling while reviewing paperwork, a notebook, and an asset allocation chart on a tablet in their kitchen. 10 Ways to Generate Retirement Income
  • A senior man fly-fishing from a wooden boat on a misty, calm lake surrounded by evergreen trees and mountains at sunrise. 10 Great Retirement Destinations for People Who Want to Fish More Often
  • Senior man in a visor holding a clipboard and pencil on a sunny golf course surrounded by palm trees. Top 5 Jobs For Seniors in Florida
  • An older man wearing glasses sits at a wooden table reviewing a Medicare Summary Notice and paperwork. Medicare 2027 Projections: Here's How Much Your Monthly Premiums Are Estimated to Rise
  • An older man sitting at his kitchen table under morning light, carefully reviewing his Social Security check and paper statements. 8 Signs Your Social Security Payment Was Miscalculated
  • A mature multi-ethnic couple reviews retirement documents together at a sunlit dining table in their home. 7 Social Security Rules for Non-Citizen Retirees
  • An older man sitting at a wooden table organizes medical documents and application papers in his warm, sunlit home. 8 Signs You Qualify for Expedited Social Security Processing

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

Social Security number spousal

15 Tips to Protect Your Social Security Number From Scams

When to give out your SSN Not everyone who asks for your Social Security number…

Read More →
reduce

State Tax Refund Delays in 2026: Why Some Americans Are Still Waiting for Their Money

Why State Tax Refunds Are Slower in 2026 Several factors are contributing to slower refund…

Read More →
A senior couple looking concerned while reviewing financial information on a laptop in a sunlit kitchen.

AI-Generated Tax Mistakes Everyone Should Know About

AI chatbots can make costly mistakes with retiree taxes. Learn about the "training lag," HSA…

Read More →
Roth IRA, reduce

6 Ways to Max Out Your Roth IRA in 2023

There is a maximum amount of money you can put into a Roth IRA account,…

Read More →
Kamala Harris Tax Reform

6 Kamala Harris Tax Reforms We Avoided by Choosing Trump

New tax credit for renters There’s a pretty hefty list of existing tax breaks for…

Read More →
A New Yorker-style editorial illustration of a retired couple on a split bench, balanced between heavy savings and floating travel balloons.

What Retired Couples Fight About Most Financially – and What It Costs Them

Discover the most common financial arguments retired couples face, from Social Security timing to supporting…

Read More →
housing withdrawing money from your retirement account

The Housing Market Crash of 2025: Experts Verdict

Considering that interest rates are still quite high and the inventory is still quite low,…

Read More →
A retired couple reviews their 2026 financial plan on a tablet in a bright, modern home office.

Medicare Costs in 2026: How Much You’ll Pay for Coverage

Medicare costs are rising in 2026. See the new Part B premiums, Part D caps,…

Read More →
Senior man in a visor holding a clipboard and pencil on a sunny golf course surrounded by palm trees.

Top 5 Jobs For Seniors in Florida

Explore the top 5 part-time jobs for seniors in Florida, featuring wage data, lifestyle perks,…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Privacy Policy

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.